Netflix expects its business to generate $12.86 billion in third-quarter revenue, a year-over-year increase of 11.7%, with member gains, higher prices and ad sales underpinning the outlook, its second-quarter shareholder letter said.
The forecast table lists operating income of $4.268 billion and an operating margin of 33.2%. In the second quarter, revenue was $12.56 billion and the operating margin was 33.4%, leaving the third-quarter projection 0.2 percentage point lower.
For 2026, Netflix projects about $3 billion in advertising revenue, roughly double the prior year's level.
The company is scheduled to release its third-quarter results Tuesday, Oct. 20, according to its official results notice.
